Wabash National Co. (WNC) Receives Average Recommendation of “Hold” from Brokerages
Wabash National Co. (NYSE:WNC) has been given an average rating of “Hold” by the eleven analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $19.57.
Several research firms have issued reports on WNC. Stifel Nicolaus dropped their price target on Wabash National from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Thursday, August 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $25.00 price target on shares of Wabash National in a report on Thursday, July 19th. Craig Hallum set a $18.00 price target on Wabash National and gave the company a “buy” rating in a report on Monday, October 15th. They noted that the move was a valuation call. Zacks Investment Research cut Wabash National from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Finally, ValuEngine cut Wabash National from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th.
A number of large investors have recently made changes to their positions in WNC. Millennium Management LLC raised its stake in Wabash National by 767.0% during the 1st quarter. Millennium Management LLC now owns 183,517 shares of the company’s stock valued at $3,819,000 after purchasing an additional 162,349 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in Wabash National during the 1st quarter valued at $216,000. Ronna Sue Cohen acquired a new stake in Wabash National during the 2nd quarter valued at $203,000. James Investment Research Inc. acquired a new stake in Wabash National during the 2nd quarter valued at $411,000. Finally, Foundry Partners LLC raised its stake in Wabash National by 17.8% during the 2nd quarter. Foundry Partners LLC now owns 22,175 shares of the company’s stock valued at $414,000 after purchasing an additional 3,350 shares during the period.
Wabash National (NYSE:WNC) last released its earnings results on Tuesday, October 30th. The company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $553.07 million during the quarter, compared to the consensus estimate of $552.11 million. Wabash National had a return on equity of 16.97% and a net margin of 4.87%. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, analysts predict that Wabash National will post 1.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Shareholders of record on Thursday, October 4th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, October 3rd. This represents a $0.30 annualized dividend and a dividend yield of 1.95%. Wabash National’s dividend payout ratio is currently 21.74%.
About Wabash National
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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